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Dec 5, 2012
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we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work hard to make? host: mr. welch. guest: first of all you have worked hard and -- but a couple things. number one, i can't comment on the california situation. i just don't know enough about it. although the reports are things are starting to turn around a little bit there. and it's very tough to pass a budget when you've got that superis majority requirement. number two -- supermajority requirement. number two, how we got here, it's not unions. the wages for americans have been going down for the past 10, 15 years. people are not keeping up with inflation. the average america
we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work...
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Dec 10, 2012
12/12
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even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest bang for the buck in terms of economic impact of those that we are discussing here today? >> it is a given that we will extend the current tax rates for taxpayers that make less than $250,000 on an annual basis. that is absolutely necessary. when you consider the other things that are happening -- in terms of the bang for the buck, the emergency unemployment insurance program is very effective. it is small in the grand scheme of things. cbo is estimating it would costs per calendar year about $33 million. but the economic opportunity for job growth compared to the unemployment rate would be measura
even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest...
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Dec 12, 2012
12/12
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the president is address the fiscal cliff, we're dealing with the debt and deficit. this is not about getting through this next month, this is about trying to solve the issues that we face as a nation today and that is the debt and deficit that we face. the president is very fond of talk about the math. let me give you a few things dealing with the math. 2012 will be the third highest revenue receipt into the united states government ever in the history of our nation. the third highest revenue ever received in the hithsroif the united states is coming in in 2012. in this down economy, as paychecks are smaller, federal revenue continues to increase. the president is very focused on trying to get the clinton tax rates but he ignores the clinton level of spending. what we've got to address is a trillion dollar deficit here. if wrp back at the clinton level of spending this would solve the issue that we're dealing with today. so we've got to find a way to address the real driver and real issue that we're facing, that is the spending. until we address that, it's not going
the president is address the fiscal cliff, we're dealing with the debt and deficit. this is not about getting through this next month, this is about trying to solve the issues that we face as a nation today and that is the debt and deficit that we face. the president is very fond of talk about the math. let me give you a few things dealing with the math. 2012 will be the third highest revenue receipt into the united states government ever in the history of our nation. the third highest revenue...
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Dec 5, 2012
12/12
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>> as part of these overall discussions on the fiscal cliff and maybe the debt keeling and -- keeling -- ceiling and roll all this together. >> i don't think the debt creelhags a play in -- place in all of this. i think we continue the mcconnell rule which says the president sends over, 2/3 of the congress ons then that is overturned -- obtains then that is overturned so we -- objects then that is overturned. that is holding hostage anything for the future. there are two steps we need to take. one is now, which by passing the middle income tax cut, the decoupling of that from the high-end tax cut is a liberation in terms of discussion on how we go forward. a package that recognizes that we have to establish priorities, that means value some investments more than others and make cuts, and make sure that what we -- judgments we make on revenue and judgments we make on cuts are all in furtherance of growth. in our economy. i have confidence in the sense of responsibility all of our colleagues have to our country, that we'll be able to reach an agreement. and again, not to make it a too c
>> as part of these overall discussions on the fiscal cliff and maybe the debt keeling and -- keeling -- ceiling and roll all this together. >> i don't think the debt creelhags a play in -- place in all of this. i think we continue the mcconnell rule which says the president sends over, 2/3 of the congress ons then that is overturned -- obtains then that is overturned so we -- objects then that is overturned. that is holding hostage anything for the future. there are two steps we...
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Dec 12, 2012
12/12
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let's get away from this fiscal cliff. con garagelations to the president for following through with young americans to make sure they get money to pay for college. the speaker pro tempore: for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, so ordered. mrs. schmidt: i rise to highlight -- ms. schakowsky: the production tax credit is essential for energy independence, the environment and public health and it is critical for job creation and our economy. the production tax credit has helped create good paying jobs across the country including 7,000 in my home state of illinois because of uncertainty, the wind industry is hurting and job losses have already begun. the failure to extend the production tax credit will result in the lots of 37,000 of the 78,000 american wind jobs. those are not just nournls a sheet of paper. they represent people and families and communities. this is not a partisan issue.
let's get away from this fiscal cliff. con garagelations to the president for following through with young americans to make sure they get money to pay for college. the speaker pro tempore: for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, so ordered. mrs. schmidt: i rise to highlight -- ms. schakowsky: the production tax credit is essential for energy...
146
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Dec 10, 2012
12/12
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i would prefer to keep the debt ceiling as far away from the fiscal cliff discussion as possible. if you intermingled them, we lose. guest: the debt ceiling is one of the most ridiculous policies we have. you can vote to spend more money and tax less and in the fact you are also voted to increase the amount the government borrows and you can refuse to raise the debt ceiling. we should be eliminating the debt ceiling. you automatically vote to raise the desolate when you vote to spend money. the idea that we have to go through this whole thing in february again is ridiculous. host: oklahoma, independent line, good morning. caller: this republican party is a joke. they have done nothing to work with this president. they are a bunch of southern republicans. they cannot handle a black man telling them from a leadership position. they take an allegiance to grover norquist. give me a break. the allegiance should go to the united states of america were host: is your solution? caller: i would get rid of all of them, that's what i would do, thank you. host: will leave the bear. -- we will
i would prefer to keep the debt ceiling as far away from the fiscal cliff discussion as possible. if you intermingled them, we lose. guest: the debt ceiling is one of the most ridiculous policies we have. you can vote to spend more money and tax less and in the fact you are also voted to increase the amount the government borrows and you can refuse to raise the debt ceiling. we should be eliminating the debt ceiling. you automatically vote to raise the desolate when you vote to spend money. the...